NEWS: USA100 price is increasing 2.5% following data from the US showing that the Personal Consumption Expenditures (PCE) index is lower than anticipated (2.4% vs 2.5% expected)
Possible Scenarios:
If USA100 fails to breach through R1 of 21715.34, our Research Department expects the USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R1 of 21715.34, our Research Department expects the USA100 to extend its gains to its R2 of 21850.30.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
21085.55 |
21220.50 |
21355.46 |
21535.40 |
21715.34 |
21850.30 |
21985.25 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $104.02 |
(+/-) €100 |
(+/-) £79.67 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.04023
***GBP/USD= 1.25510
Calculations for exchange rate used as of Friday, December 20, 2024, 16:40 GMT